China Accounts Smaller Share In Nike Sales Compared To Pre-Pandemic Levels, But Tariff Pressure Still Persists: Analyst
1. BofA Securities maintains Buy rating on NKE, lowers price forecast to $80. 2. Nike shares fell 12% since April, lagging behind S&P 500's 5% decline. 3. Analysts believe tariff exposure is manageable and already priced into NKE. 4. Inventory streamlining expected to enhance product innovation and revenue in FY26. 5. China's reduced profit contribution impacts NKE, showing long-term performance challenges.